Unit Designations Sample Clauses

The Unit Designations clause defines how individual units within a property or development are identified and labeled for legal and administrative purposes. Typically, this clause specifies the system or method used to assign numbers, letters, or other identifiers to each unit, ensuring that each is uniquely distinguishable in documents and records. By establishing a clear and consistent method for unit identification, this clause helps prevent confusion or disputes over unit boundaries and ownership, thereby ensuring clarity in transactions and ongoing management.
Unit Designations. Subject to Section 10.2(b), any additional Units may be issued in one or more classes, or one or more series of any of such classes, with such designations, preferences and relative, participating, optional or other special rights, powers and duties (including, without limitation, rights, powers and duties that may be senior or otherwise entitled to preference over existing Units) as shall be determined by the General Partner, in its sole and absolute discretion without the approval of any Limited Partner or any other Person, and set forth in a written document thereafter attached to and made an exhibit to this Agreement, which exhibit shall be an amendment to this Agreement and shall be incorporated herein by this reference (each, a “Unit Designation”).
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Unit Designations. Any additional Units may be issued in one or more classes, or one or more series of any of such classes, with such designations, preferences and relative, participating, optional or other special rights, powers and duties (including, without limitation, rights, powers and duties that may be senior or otherwise entitled to preference over existing Units) as shall be determined by the General Partner, in its sole and absolute discretion without the approval of any Limited Partner or any other Person, and set forth in a written document thereafter attached to and made an exhibit to this Agreement, which exhibit shall be an amendment to this Agreement and shall be incorporated herein by this reference (each, a “Unit Designation”), including the Unit Designation attached as Exhibit C hereto pursuant to which the “Class A Cumulative Preferred Units” of the Partnership were created (the “Class A Cumulative Preferred Units”).
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Unit Designations. The Membership Interests in the Company shall initially be divided into two series of Units referred to as “Series A Units” and “Series B Units.”
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Unit Designations. The level at which the Union holds exclusive representation is the United States Air Force, Pensacola Naval Air Station, Pensacola, FL, in accordance with statute and FLRA certification. The Union has the right to act for and to negotiate Agreements concerning the Employees in the bargaining units in accordance with the governing laws, rules, regulations and the provisions and procedures of this Agreement. The Union is responsible for representing the interests of all bargaining unit Employees in accordance with applicable laws, rules, and regulations.
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Unit Designations. The Units shall initially be divided into two classes of Units referred to as “Class A Units” and “Class B Units.” The Company is initially authorized to issue an unlimited number of Class A Units and Class B Units.
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Unit Designations. Wedges; jacks; winches; or other special equipment may be required to direct trees when felling. Trees falling into protection areas shall be winch-line skidded out of protected features. All necessary mitigation for damage caused by improper and/or non-approved felling into a protected zone is the responsibility of the Purchaser. The Forest Officer must approve all mitigation work.
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Unit Designations. ▪ Unit 0201A: Marked with a horizontal PURPLE paint mark at Diameter Breast Height (DBH) on ponderosa pine. ▪ Unit 0201B: N/A
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Unit Designations. The Membership Interests in the 3454751v6 Company shall be designated as “Units” and divided into five series of Units referred to as “Series A Units”, “Series B Units”, “Series C Units,” “Series D Units” and “Series E Units.”
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Unit Designations. (i) A class of Units has been created and designated as "Membership Units", and one hundred percent (100%) of the Membership Units have been granted to the Managing Member, as set forth on Schedule 7(b). The Managing Member, without any action by any Member or any other Person, is authorized to amend and restate Schedule 7(b) from time to time to reflect the admission of new Members, the cessation of any Person as a Member and the transfers and issuances of Membership Units made, in each case, in accordance with this Agreement. Schedule 7(b) shall be amended from time to time by the Managing Member, without requiring the consent of any Member, to reflect the change in any of the information contained therein (including the withdrawal of one or more Members, the admission or one or more additional Members, additional capital contributions and transfers or the issuance of additional Units) only to the extent that the actions resulting in such changes were taken pursuant to, and in accordance with the terms of this Agreement and that any required consents of the Members to such actions, if any, were obtained. The Company will, upon each amendment to Schedule 7(b), provide the Members with a copy of such amended Schedule 7(b). Any reference in this Agreement to Schedule 7(b) shall be deemed a reference to Schedule 7(b) as amended, supplemented or otherwise modified and in effect from time to time. (ii) A class of units has been created and designated as "Incentive Units", and one hundred percent (100%) of the Incentive Units have been granted to the Promote Member, as set forth on Schedule 7(b). The Incentive Units have been issued for no consideration or de minimis consideration as such interests are intended to constitute "profits interests" within the meaning of Revenue Procedures 93-27 and 2001-43 such that were the Company liquidated immediately after the issuance of these Incentive Units, before the Company made any earnings and before any appreciation occurred in the value of the Company's assets, and the Company's assets were sold at fair market value and the proceeds distributed in liquidation, the holders of Incentive Units so designated would not be entitled to receive any share of the proceeds of a liquidation.
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Related to Unit Designations

  • Preferred Units Notwithstanding anything to the contrary, the provisions of Section 14.3 are not applicable to Preferred Units or the holders of Preferred Units. Holders of Preferred Units shall have no voting, approval or consent rights under this Article XIV. Voting, approval and consent rights of holders of Preferred Units shall be solely as provided for and set forth in Article XVI.

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • Series Designation The Series Designation establishing a Series may: (i) specify a name or names under which the business and affairs of such Series may be conducted; (ii) designate, fix and determine the relative rights, powers, authority, privileges, preferences, duties, responsibilities, liabilities and obligations in respect of Interests of such Series and the Members associated therewith (to the extent such terms differ from those set forth in this Agreement) and (iii) designate or authorize the designation of specific Officers to be associated with such Series. A Series Designation (or any resolution of the Managing Member amending any Series Designation) shall be effective when a duly executed original of the same is included by the Managing Member among the permanent records of the Company, and shall be annexed to, and constitute part of, this Agreement (it being understood and agreed that, upon such effective date, the Series described in such Series Designation shall be deemed to have been established and the Interests of such Series shall be deemed to have been authorized in accordance with the provisions thereof). The Series Designation establishing a Series may set forth specific provisions governing the rights of such Series against a Member associated with such Series who fails to comply with the applicable provisions of this Agreement (including, for the avoidance of doubt, the applicable provisions of such Series Designation). In the event of a conflict between the terms and conditions of this Agreement and a Series Designation, the terms and conditions of the Series Designation shall prevail.

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Special Provisions Relating to the Holders of Subordinated Units (a) Except with respect to the right to vote on or approve matters requiring the vote or approval of a percentage of the holders of Outstanding Common Units and the right to participate in allocations of income, gain, loss and deduction and distributions made with respect to Common Units, the holder of a Subordinated Unit shall have all of the rights and obligations of a Unitholder holding Common Units hereunder; provided, however, that immediately upon the conversion of Subordinated Units into Common Units pursuant to Section 5.7, the Unitholder holding a Subordinated Unit shall possess all of the rights and obligations of a Unitholder holding Common Units hereunder with respect to such converted Subordinated Units, including the right to vote as a Common Unitholder and the right to participate in allocations of income, gain, loss and deduction and distributions made with respect to Common Units; provided, however, that such converted Subordinated Units shall remain subject to the provisions of Sections 5.5(c)(ii), 6.1(d)(x)(A), 6.7(b) and 6.7(c). (b) A Unitholder shall not be permitted to transfer a Subordinated Unit or a Subordinated Unit that has converted into a Common Unit pursuant to Section 5.7 (other than a transfer to an Affiliate) if the remaining balance in the transferring Unitholder’s Capital Account with respect to the retained Subordinated Units or Retained Converted Subordinated Units would be negative after giving effect to the allocation under Section 5.5(c)(ii)(B). (c) The holder of a Common Unit that has resulted from the conversion of a Subordinated Unit pursuant to Section 5.7 or Section 11.4 shall not be issued a Common Unit Certificate pursuant to Section 4.1 (if the Common Units are represented by Certificates) and shall not be permitted to transfer such Common Unit to a Person that is not an Affiliate of the holder until such time as the General Partner determines, based on advice of counsel, that each such Common Unit should have, as a substantive matter, like intrinsic economic and federal income tax characteristics, in all material respects, to the intrinsic economic and federal income tax characteristics of an Initial Common Unit. In connection with the condition imposed by this Section 6.7(c), the General Partner may take whatever steps are required to provide economic uniformity to such Common Units in preparation for a transfer of such Common Units, including the application of Sections 5.5(c)(ii), 6.1(d)(x) and 6.7(b); provided, however, that no such steps may be taken that would have a material adverse effect on the Unitholders holding Common Units.